Narayana Hrudayalaya Limited has received a GST penalty of ₹53,15,150 from the Assistant Commissioner of Central Tax in Bengaluru. The demand relates to corporate guarantees provided to subsidiaries between April 2021 and October 2023.

The order was issued under Section 74 of the CGST Act, 2017 and KGST Act, 2017. The tax authority alleged non-payment of GST on these guarantee services. The company stated that the impact on its financials and operations is not material.

Details of the regulatory action

The intimation was submitted to BSE and NSE on September 28, 2026. The order was dated September 24, 2026, and received via registered email on September 25, 2026. The specific authority involved is the Office of the Assistant Commissioner of Central Tax, South Division-9, Bengaluru South Commissionerate.

Company response and next steps

Narayana Hrudayalaya has decided to prefer an appeal against the said order before the appropriate appellate authority. The company disclosed that the delay in submitting this intimation was due to an inadvertent internal communication gap following the weekend receipt of the order. Measures have been taken to strengthen internal processes for timely compliance in the future.

What the numbers show

The penalty amount of ₹53,15,150 is explicitly categorized as having no material impact on the company's financials or operations. This suggests that the absolute value is negligible relative to the entity's scale, allowing management to pursue an appeal without immediate balance sheet stress.

Narayana Hrudayalaya will host a one-on-one investor meeting with FSSA Investment Managers on Thursday, August 20, 2026, at 10:30 am. The session will be conducted as a physical meeting, providing institutional investors with direct access to the company's management team.

The intimation was submitted to the listing departments of both the Bombay Stock Exchange and the National Stock Exchange on August 18, 2026. The disclosure was made in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting details

The key parameters of the scheduled investor interaction are outlined below:

Sridhar S., Group Company Secretary and Legal & Compliance Officer, signed the communication. The schedule remains tentative and may be subject to change due to exigencies on the part of the analysts, investors, or the company.